Deutsche Asset Management (Deutsche AM) launched the Deutsche X-trackers USD High Yield Corporate Bond ETF (HYLB).
“For investors seeking pure high-yield beta exposure as part of their diversification strategy in their overall asset allocation, they can now do so in a fast and cost-effective way through the Deutsche X-trackers USD High Yield Corporate Bond ETF,” said Fiona Bassett, head of passive asset management at Deutsche, in a statement.
In conjunction with the ETF launch, Solactive AG introduced the Solactive USD High Yield Corporates Total Market Index, a market value weighted benchmark engineered to mirror the performance of High Yield corporate bonds issued in USD. The index has been licensed to Deutsche Bank and will be used as the basis for HYLB.
“In the current low interest rate environment, high-yield bonds provide investors with a potential source of income. In addition, as the market is anticipating an interest-rate hike by the U.S. Federal Reserve Board, the high-yield market tends to be less impacted by rate moves, shielding investors from potential volatility,” Bassett said in a statement.
ETF Focused on Wearable Devices Launches
Exchange Traded Concepts, LLC partnered with Eve Capital to launch an ETF focused exclusively on public companies that are engaged in the manufacture and sale of wearable devices and their component manufacturers, according to a recent announcement.
The WEAR ETF (WEAR) is based on the Wearables Index developed by EQM Indexes. The fund includes notable companies such as Apple, Fitbit, Garmin, Boston Scientific, GoPro and Seiko among others.
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